About this propertyMLS® 1304249
Nestled on a large lot on popular Southside Road in historic downtown St. John's, this traditional two storey offers a ton of potential to renovate. This three bedroom home overlooks the Waterford Valley and is ready for a facelift. The roof was re-shingled in recent years and there was a rental unit in the basement with separate meters. There is also the potential for redevelopment of the oversized lot. (id:56688)
Property details
MLS®1304249
Listing ID30395016
Address609 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A4
StatusActive
Last updated3 days ago ( Oct 27, 2026 )
Year Built1950
Property TypeSingle Family
Architectural Style2 Level
Structure TypeHouse
Number of stories2
Beds3
Baths2
HeatingElectric
SewerMunicipal sewage system
FlooringMixed Flooring
Living Area Total1,260 square feet
Price per sq ft: $119Tax Annual Amount$1,318
Tax Year2026
AppliancesRefrigerator, Stove, See remarks
Water SourceMunicipal water
RoofAsphalt shingle, Unknown
Foundation DetailsConcrete
HeatingElectric
FlooringMixed Flooring
Exterior FeaturesOther
Common InterestFreehold
Number of photos available11
RurlCoordinates: [47.539902, -52.727052]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Kitchen | B4 x0 x0 |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom | B4 13 x 9.5 13 x 9.5 |
| Main level | Laundry room Living room Kitchen | 3.6 x 5.10 10.3 x 12.10 12.10 9.8 |
Basic Calculator
First Mortgage: $119,920
Mortgage insurance premium: $0
Total Financing: $119,920
Rough closing fee (1.5%): ~ $2,249
Total downpayment with estimated closing fee: $32,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $188 | $2,256 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-188 | $-2,256 |
| Net Operating Income (NOI) | $-188 | $-2,256 |
| Capitalization Rate | -0.13% | -1.51% |
Capitalization Rate: -1.51%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $214,143
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